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       COUNTER-TREND TRADE EXAMPLE
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I've been getting lots of questions on whether to trade against trend, and what does that mean.

So here's an example of what countertrend trading means from a technical perspective.

In the example below, the signal to SELL or SHORT was issued. When you look at the At-A-Glance, you can see that the two higher timeframes above you are LONG (going against you).

Does this mean you can't trade against the overhead timeframes?

You can trade against them, you just have to be aware that this is a countertrend trade, and you don't expect it to go far. So this would be considered a scalp trade (quick profit).

So in this example (below), you could have made about $10-$25 profit taking a quick profit. There are lots of traders who like to countertrend trade. They do this because they know that profit-taking always steps in to push prices temporarily back down, and that gives a countertrend trader their profit.

You just have to be aware that with countertrend trades, you have to be on your toes.